Past Presidents warned us about an all powerful central government and the dangers and corruption of a central banking system.
The dangers of central banking may lead to corporate fascism. If there is no accountability, then there would be more potential of corruption from within. Our monetary system becomes hijacked and the nation is controlled by a system of credit. If the central bank can create money out of thin air, then the purchasing power of the dollar decreases.
If the concept of "Savings" ceases to exist, then this can lead to an economic disaster, more government intervention, and eventually, loss of liberty.